Sources of Growth in Sub-Saharan Africa

Analysis of 1960-2002 data shows that average real GDP growth in sub-Saharan Africa was low and decelerated continuously before starting to recover in the second part of the 1990s. Growth was driven primarily by factor accumulation with little role for total factor productivity (TFP) growth. The rec...

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Bibliographic Details
Main Author: Aka, Brou
Other Authors: Akitoby, Bernardin, Ghura, Dhaneshwar, Tahari, Amor
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Sources of Growth in Sub-Saharan Africa  |c Brou Aka, Bernardin Akitoby, Amor Tahari, Dhaneshwar Ghura 
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300 |a 31 pages 
651 4 |a Equatorial Guinea, Republic of 
653 |a Economywide Country Studies: Africa 
653 |a Labour 
653 |a Cross-Country Output Convergence 
653 |a Economic development 
653 |a Growth accounting 
653 |a Aggregate Productivity 
653 |a Cost 
653 |a Capital and Total Factor Productivity 
653 |a Production 
653 |a Industrial productivity 
653 |a Total factor productivity 
653 |a Labor 
653 |a Accounting 
653 |a Labor Economics: General 
653 |a Economic growth 
653 |a Macroeconomics 
653 |a Measurement of Economic Growth 
653 |a Capacity 
653 |a Income economics 
653 |a Production and Operations Management 
653 |a Labor economics 
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700 1 |a Ghura, Dhaneshwar 
700 1 |a Tahari, Amor 
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520 |a Analysis of 1960-2002 data shows that average real GDP growth in sub-Saharan Africa was low and decelerated continuously before starting to recover in the second part of the 1990s. Growth was driven primarily by factor accumulation with little role for total factor productivity (TFP) growth. The recent pickup in economic growth was accompanied by an increase in TFP growth, namely in the group of countries whose IMF-supported programs were judged to be on track. Average annual growth in the region, at 3½ percent during 1997-2002, is less than half of the estimated growth needed to halve the fraction of population living below $1 per day between 1990 and 2015, one of the Millennium Development Goals